Depreciation expense must be closed to retained earnings at the end of the period because it is a nominal account.
What is an allowance for uncertain costs?Because it lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset." The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay. You may manage your company's cash flow with the aid of an income account and an expense account. All of your company's expenses are kept in an account called an allowance or expense account. Understanding this account is essential since it enables you to keep tabs
Permanent accounts are an alternative - The balances at year-end are carried forward with the associated asset in accumulated depreciation, which is a counter asset account of a specific depreciable asset. Accounts payable must be carried forward in the following accounting period because it is a genuine account. As current assets, prepaid expenses must be carried forward to the following accounting period.
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Answer:
sales revenue
Explanation:
what kinds of e-commerce activities will the company's new website need to support to best promote their expanded services nationally? a. mobile-side b. digital-side c. buy-side d. sell-side
Digital-side kinds of e-commerce activities will the company's new website need to support to best promote their expanded services nationally.
E-commerce, commonly referred to as electronic commerce or internet commerce, is the term used to describe the exchange of money and data for the purpose of transacting business through the internet. These business dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B. An e-commerce website is one that enables customers to buy and sell tangible products, services, and digital commodities over the internet as opposed to at a physical store. A company can process orders, receive payments, handle shipping and logistics, and offer customer care through an e-commerce website.
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assume the equilibrium price for an apartment in plano is $1000 a month. city council imposes a price ceiling of $755 a month on the plano apartment market to help low income people. this leads to:
According to the rule of demand, as a good's price drops, so does the quantity that is sought for.
What is Law of Demand?The law of demand holds that, all other things being equal (cetris peribus), the relationship between price and quantity demanded for any good or service is inverse. A product's price increase causes a decrease in consumer demand for that same product.The law of demand explains why consumers make certain decisions when prices vary. When a good's price increases, there is less demand for that good in the market, presuming other factors that affect demand remain constant.This is how people naturally make purchases.This occurs as a result of consumers' reluctance to spend more money because they are concerned about running out of money.To Learn more About Law of Demand refer to :
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what is the minimum amount of income stephanie should recognize for tax purposes this year if she recognizes $2,250 of income for financial accounting purposes?
If Stephanie recognizes $2,250 in income for financial accounting purposes, she should recognize a minimum of $2,250 in income for tax purposes this year.
Describe tax.Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
Taxes are borne by whoever bears the cost of the tax in economics, whether this is the entity being taxed, such as a business, or the final users of the items produced by the business. Taxes should be taken into consideration from an accounting standpoint, including payroll taxes, federal and state income taxes, and sales taxes.
Calculation:
For her company, Stephanie has chosen to employ the accrual method of accounting. If Stephanie recognizes $2,250 in revenue for financial accounting purposes, what is the least amount of income she needs to recognize for tax purposes this year?
$9000 was the total income over three years.
$9,000 divided by 12 months Equals
=$3,000
$3,000*9/12 is the amount of income that should be recognized.
=$2,250
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kitchen sinking is a. an authoritative use of power. b. dredging up past, unrelated problems. c. holding a grudge against your relational partner. d. an effective conflict-management strategy.
Kitchen sinking is an Option (b)dredging up past, unrelated problems.
An effective way to complain is to "throw everything in except the kitchen sink," which means that whenever there is an argument, one of the partners decides to spell out all of your faults and complaints.
Sometimes a partner would act in this way when they find it difficult to convey their sentiments and emotions. Poor communication skills are another factor in this. The ability to constructively complain may not always be present in a relationship. Additionally, they occasionally avoid tackling the problem head-on. This causes resentment as a result.
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What term best refers to the value of all nations' economies functioning as a large, increasingly synchronized, global financial system?
Question 5 options:
protectionism
global economy
free trade
domestics
The term that best refers to the economies of all nations existing as an increasingly synchronized, global financial system, is global economy.
What is the global economy?As times have passed, the world's nations have become increasingly integrated in what is called globalization. This integration has happened in various ways such as financial, social, and economically.
As a result, the term, "global economy" was coined to reflect the fact that the global financial and economic system are not more synchronized and therefore affect each other both negatively and positively.
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a loan is offered with monthly payments and a 7.25 percent apr. what's the loan's effective annual rate (ear)?
The effective annual rate (ear) of a loan that has monthly payments and an APR of 7.25 percent is 7.50.
How much does an effective annual rate (ear) cost?
The Effective Annual Interest Rate (EAIR) is the interest rate that takes compounding over a given time period into consideration (EAR). Simply explained, the effective annual interest rate is the rate of interest that an investor can earn (or pay) in a year after accounting for compounding.
EAR can be used to calculate the returns on assets like savings accounts and guaranteed investment certificates as well as the interest due on any debt, including loans (GICs).
The annual equivalent rate (AER), effective rate, and effective interest rate are all terms used to refer to the effective annual interest rate. Compared to the APR, which is based on basic interest, this percentage rate is lower.
Calculation:
Given -
7.25% annual rate equals 0.0725
12 is the number of compounding periods (monthly compounding)
The following calculation can be used to get the effective annual rate:
[tex]EAR=(1+\frac{i}{n} )^{n}-1[/tex]
[tex]EAR=(1+\frac{0.0725}{12} )^{12} - 1[/tex]
Or,
Annual Effective Rate = 7.50
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advocates say that fixed exchange rates can help a country deal with economic crises. true or false
False.
The given statement 'advocates say that fixed exchange rates can help a country deal with economic crises' is False.
A nation's economy suffers through an economic crisis when it abruptly decreases in power, generally due to a financial crisis. A recession, depression, or stagnation may result from an economic crisis.
When some financial assets lose a large part of their face value due to a financial crisis, it is considered a economic crisis. There were many recessions that coincided with bank panics during the 19th and early 20th centuries. Inflation, currency crisis, or financial/banking crisis are some examples of economic crises that slow down economic activity.
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sony has declared a dividend that is payable to shareholders of record on thursday january 2, 2020 (note: markets are closed on january 1). what is the last day that beyonce can buy the stock and still receive the dividend?
Beyonce can purchase the shares and still collect the dividend through Monday.
When can I purchase a stock and still receive the dividend?You will receive the dividend if you purchase a stock one day prior to the ex-dividend date. You won't receive the dividend if you purchase on the ex-dividend date or any subsequent day. On the other hand, you must hold onto a stock until the ex-dividend day if you wish to sell it and still get a dividend that has been declared.
A business day before the record date is commonly established as the ex-dividend date for stocks. If you purchase a stock on or after the ex-dividend date, you won't receive the ensuing dividend payment. The vendor receives the payment in its place. If you purchase before the ex-dividend date, the dividend is paid to you.
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which are elements of the indenture? check all that apply: description of collateral basic terms of the bonds, such as coupon rate and maturity date repayment arrangements price of the bond description of protective covenants
Description of collateral basic terms of the bonds are elements of the indenture. An indenture is a formal contract or deed entered into by two or more parties.
An indenture, which dates back to mediaeval England, is a special agreement within a contract that is documented with a specific period or significance. An indenture agreement is a legally binding instrument or contract between two or more bonds parties that defines terms and conditions. A real estate sale, a bankruptcy procedure, or debt agreements can all be governed by indenture agreements. An indenture is a real estate deed in which the two parties agree to continue without responsibilities.
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true or false: service retailers, which sell services rather than merchandise, are a small and shrinking retail sector.
The statement is False. Service retailers, which sell services rather than merchandise, are a small and shrinking retail sector.
Product merchandising is the exercise of intentional merchandising, displaying, and selling of products for your keep. A massive part of this is visual merchandising—the manner of making plans, designing, and displaying products to focus on their features and benefits.
Merchandising, broadly speaking, refers to any entity that engages in selling a product. Beneath this definition, there are forms of vending groups, specifically retail and wholesale. Shops sell their merchandise immediately to purchasers, while wholesalers buy from manufacturers and sell to outlets.
Vending is the practice and system of displaying and selling products to clients. Whether or not virtual or in-shop, retailers use vending to steer customer motives and attain their sales goals.
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how can liens, such as those created by non-payment of federal income tax, result in mortgage default?
New liens can threaten the lender's position as the primary lienholder. The default can occur for this reason.
When you disregard or refuse to pay a tax debt, the government will have a legal claim against your property known as a federal tax lien. All of your property, including real land, personal property, and financial assets are covered by the lien, which safeguards the government's interest in them.
Simply submitting and paying all of your taxes in full and on time will prevent a federal tax lien from forming. Do not disregard the IRS correspondence if you are unable to file or pay on time.
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if another burger restaurant opens at the airport, you would expect the demand for your product to become more elastic.
The presence of the competitor at the airport will raise demand elasticity. A minor price adjustment will cause demand to move to the other burger joint.
The degree to which demand responds to a change in an economic component is referred to as demand elasticity. The most frequent economic element used to determine elasticity is price.
Other characteristics include income level and availability of substitutes. Elasticity evaluates how demand moves in response to changes in economic circumstances. Consumer durables are an example of an elastic demand product.
These are products that are purchased rarely, such as a washing machine or a car, and can be delayed if the price rises. Automotive refunds, for example, have been extremely effective in encouraging automobile sales by cutting prices.
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The collection of interactions a company has with a customer who has already purchased a product is
called
When dealing with customers face-to-face, a good customer service technique is
to
When speaking with customers over the phone, it is important to be aware of
can change the meaning of what is said.
If the customer appears to be frustrated the company service agent should try to understand the situation and should be familiar with situation.
What is a customer service technique?
A good service technique is a face-to-face interaction, first listen, summarize the problems, and repeat one should try to get a detailed insight into the problem and understand the client's frustration they should remember to tackle the situation carefully. They should have patience, empathy, and other qualities.
What are three important technique of customer service?
Essentially, the three "p"s of professionalism, patience, and a "people-first" mindset are the three key components of good customer service. Although each customer's experience with customer care is unique, as long as you're adhering to these rules, you're on the right route.
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Answer:
The collection of interactions a company has with a customer who has already purchased a product is
called
✔ customer service
.
When dealing with customers face-to-face, a good customer service technique is
to
✔ maintain eye contact
.
When speaking with customers over the phone, it is important to be aware of
✔ tone of voice
because it can change the meaning of what is said.
Actually got it right.
Have a good one!
a stock with a negative beta question 2 options: has an expected return lower than the market return. has an expected return that is negative. has an expected return that is lower than the risk-free rate. does not exist; all stocks must have positive beta.
A stock with a negative beta question has an expected return that is lower than the risk-free rate.
What is the risk free rate ?The expected return is less than the risk-free rate when the covariance is negative, the beta is negative, and the covariance is negative. Because it lowers overall portfolio risk when added to a well-diversified portfolio, a negative-beta asset requires an unusually low expected return.
An investment with a negative beta is one whose price tends to rise when the general market price declines and vice versa.
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which manufacturing process would the be most appropriate to use if you were producing and selling custom design wedding cakes?
The manufacturing process that would the be most appropriate to use if you were producing and selling custom design wedding cakes is a make to order process.
What Is Make to Order (MTO)?In manufacturing, the Make to order (MTO) refers to a business production strategy that typically allows consumers to purchase products that are customized to their specifications. It is one of the manufacturing process in which the production of an item begins only after a confirmed customer order is received.
Some of the advantages to Make to order include customization for customers, reduction in stock obsolescence and finished goods inventory and overall waste.
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a firm that uses a push supply-chain strategy is most likely to group of answer choices produce small quantities of multiple goods at the same time. produce a limited number of products rather than risk high inventory costs. manufacture products before it receives any orders for those products. try and keep its inventory costs to the bare minimum. adapt to changing demand patterns, rather than depend on sales forecasts.
As part of the push supply chain strategy, decisions regarding when products are manufactured and shipped are based on anticipated demand from customers. For seasonal goods, the traditional push supply chain strategy is used.
Where are push-pull strategies used?The business terms "push" and "pull" were first used in supply chain management and logistics, but they are also frequently used in marketing and the hotel distribution industry.
What are the benefits and drawbacks of a supply chain that is based on push?Long-term planning, readily available stock, economies of scale, and the ability to plan and control more are the main benefits of this strategy. However, a push strategy's main flaw is that it takes a long time to respond to market shifts.
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the owner of a chain of supermarkets notices that there was a positive correlation between the sales of beer and the sales of ice cream over the course of the previous year. during seasons when sales of beer were above average, sales of ice cream also tended to be above average. likewise, during seasons when sales of beer were below average, sales of ice cream also tended to be below average. the owner is curious whether the observed association is due to a cause-and-effect relationship between eating ice cream and desiring beer. to investigate this, the owner should use:
Another factor, such as the weather, may have an impact on the sales of both ice cream and beer.
What does a business sale entail?Any transaction where money or substance is transferred for the right to own a good or access to a service is referred to as a sale in regular commercial operations . When used in the sense of accounting, the term "sales" describes the revenue that a company generates from the sale of goods and services (net sales).
Why are sales so crucial?Sales have a big effect on how customers become loyal and how much faith they have now in businesses .The key factors that influence a customer's decision to refer your business to a family member or friend or to leave a positive online review of your goods or services are trust and loyalty.
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what factors make capital appreciation bonds (can) a controversial method for local governments to finance projects?
Without raising taxes, they enable local governments to finance new initiatives.
A taxes is a mandatory financial charge or other sort of levy that is placed on a taxpayer by an administrative body to pay for various public expenditures, taxes, and administrative costs. A government organization collects taxes from people or businesses as mandated contributions. A tax credit is a sum of money that taxpayers are allowed to deduct, dollar for dollar, from the income taxes they must pay. Since tax credits lower the total amount of tax owed rather than simply the amount of taxable income, they are preferable to tax deductions. A nation's customs officials collect import duty, which is a tax, on both imports and some exports. The import duty will often be determined by a product's worth. Customs duties, tariffs, import taxes, and import tariffs are other names for import duties that depend on the context.
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store-level goals such as increasing store traffic, managing inventory, and managing employees are called .
Tactical goals refer to store-level objectives like boosting foot traffic, maintaining inventory, and managing staff.
What does a company's tactical goal entail?Targets that are promptly set in reaction to evolving conditions in the real world are known as tactical goals. Tactics are based on the reality of the present, whereas strategy relies on projections about the future. Tactical objectives are therefore not prepared as far in advance as strategic objectives.
A tactical plan lays out the actions needed to carry out strategic business plans. These are quick activities and steps meant to aid businesses in achieving long-term objectives. Tactical strategies may alter in response to workplace events and the unique requirements of a corporation.
Consider that the organization wants to grow its clientele from the South to the Southeast as one of its long-term objectives. One must consider what can be done tactically to accomplish this goal. Start by increasing production to keep up with demand; next, in the background, assemble a group of regional salespeople; and so forth.
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Your credit score is not associated with:
A. securing a home loan.
B. getting approved to rent an apartment.
C. being hired by a hiring manager.
D. an increase in salary.
Your credit score is not associated with:D. an increase in salary.
What is credit score?A credit score can bne described as the numerical expression which is been done conwidering some level analysis of a person's credit files which help to know more about the person.
It should be noted that this help to know the creditworthiness of an individual and it help to know aboput te financial capacity of a person, it can be a determinant when one is trying to secure a loan for home as well as when one is trying to rent something on credit.
Therefore, option D is correct.
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amy clark just opened a soup and salad restaurant near golden gate park in san francisco, ca. rather than borrow money or raise funds from investors, amy used her creativity and ingenuity and figured out how to get her business up and running without the need for external funding. amy is utilizing a technique referred to as .
Amy Clark is using a technique known s bootstrap.
The term "bootstrapping" is used in business to describe the process of launching and expanding a company using only readily accessible resources, such as personal finances, home computers, and garage space.
Starting a business from scratch without or with minimal outside investment is known as bootstrapping. By having the owner pay for and use the resources individually, it avoids using a pool of equity or large bank loans to finance small businesses.
According to the fundamental idea of bootstrapping, inference about a population from sample data (sample population) may be represented by resampling the sample data and performing inference about a sample from resampled data (resampled sample).
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if you were a hiring manager, how could you choose candidates to minimize the influence of gender or racial stereotypes in your hiring decision?
The number of years you have worked in the field will probably be used by hiring managers to compare two candidates.
How to make your hiring process free of unconscious bias
Eliminate any gendered language, introduce difficulties for blind skills, Make decisions based on data, Promote roles on new platforms, Make sure the interviewing process is organized, Have a hiring committee, Eliminating unintentional prejudice. Most likely, you receive the "extra points" if you have more extensive related experience. Therefore, as a candidate, you must demonstrate to the hiring managers that you have substantial experience in the field. The Society for Human Resources Management (SHRM) advises adopting structured interviews, in which applicants are asked the same set of predetermined questions that concentrate on factors that directly affect job performance.
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item x is a standard item stocked in a company's inventory of component parts. each year the firm, on a random basis, uses about 1,600 of item x, which costs $25 each. storage costs, which include insurance and cost of capital, amount to $8 per unit of average inventory. every time an order is placed for more of item x, it costs $16. a. whenever item x is ordered, what should the order size be? (round your answer to the nearest whole number.)
The annual cost of owning, operating, and maintaining an asset throughout its lifetime is known as the equivalent annual cost (EAC).
Because it enables a company to compare the cost-effectiveness of various assets with differing lifespans, EAC is frequently utilized in capital budgeting decisions.
Capital budgeting is one of many uses for the equivalent annual cost (EAC).However, the majority of the time, it is utilized to analyze two or more potential projects with distinct durations, where costs are the most important variable.
EAC can also be used to figure out how long an asset should last, whether it's better to lease or buy it, how much it will cost to maintain an asset, how much savings are needed to buy a new asset, and how much it will cost to keep equipment that is already in use.
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the fresno company manufactures slippers and sells them at $13 a pair. variable manufacturing cost is $6.50 a pair, and allocated fixed manufacturing cost is $2.00 a pair. it has enough idle capacity available to accept a one-time-only special order of 5,000 pairs of slippers at $8.50 a pair. fresno will not incur any marketing costs as a result of the special order. what would the effect on operating income be if the special order could be accepted without affecting normal sales: (a) $0, (b) $10,000 increase, (c) $32,500 increase, or (d) $42,500 increase? show your calculations.
The provision of relevant information to managers during decision-making is part of relevant costing.In the decision-making process, relevant information refers to future information that is provided promptly and distinguishes between various options.
The company must comprehend additional cost concepts like opportunity costs and sunk costs in order to identify relevant costs.Costs that have already been incurred and will not change in the future are referred to as "sunk costs.
"Sunk costs are costs that don't matter and shouldn't be considered when making a decision.The cost of direct materials used in the production of a product that cannot be sold because of damage is an example of sunk cost.The benefits sacrificed when choosing one option over another are known as opportunity costs.
Operating income increased by (7.50 - 7) x 35,000 is equal to $17,500.
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why do your colleagues compute mses of the same models twice, and the second time on a different dataset?
The colleagues compute MSE's of same models twice and the second time on a different dataset to increase the probability of correct dataset.
What is a dataset?A group of data is referred to as a data set (or dataset). When dealing with tabular data, a data set is equivalent to one or more database tables, each of which corresponds to a specific record of the corresponding data set and each of whose columns and rows represent different variables. Each member of the data set is given values for each of the variables, such as the object's height and weight, in the data set. A group of papers or files can also make up a data set. The information made available in a public open data repository is measured in open data by data sets.
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assume hudson has a target income of $162,000. what amount of sales dollars is needed to produce this target income? 2. if hudson achieves its target income, what is its margin of safety (in percent)? (round your answer to 1 decimal place.)
Sales to achieve targeted profit of $162,000 is: $2,430,000.
The margin of safety: 33%
Contribution = sales - variable cost / sales
= $ 2,430,000 - $ 1,728,000 / $ 2,430,000
= $ 0.28
Targeted sales = fixed cost + targeted profit / contribution
= $ 324,000 + $ 162,000 / 0.28
= $ 2,430,000
Break even point = fixed cost / contribution
= $ 324,000 / $ 0.28
= $ 1,620,000
Margin of safety = actual sales - Break even point / actual sales
= $ 2,430,000 - $ 1,620,000 / $ 2,430,000
= 0.33
Targeted income is the income that a corporate entity expects to receive from its operations. Based on prior sales and profits, this income is projected.
In order to reach a specific goal income, managers may plan a company's expenses. This necessitates routine budgeting and in-depth planning for expenditure levels. The target income figure could be determined by a number of variables, including the required cash flow level, the desired rate of return on capital, or the required earnings per share.
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an adjustable rate mortgage has an initial interest rate of 5%. when the first interest rate adjustment date arrives, the rate can be adjusted a maximum of 1%. at all subsequent adjustment dates, the interest rate can be adjusted a maximum of 2%. the highest rate of interest that may be charged at any given time is 9%. what does the 9% rate represent?
The adjustable rate mortgage is represented as a lifetime cap.
A lifetime cap, sometimes known as a life cap, informs a borrower of the highest interest rate they may incur over the course of the loan. Typically, this cap is in effect for the duration of the mortgage. A mortgage is a security interest that a lender holds in real estate to cover an obligation, typically a financial loan. The lifetime gap is the maximum sum a borrower must pay back to the lender under a mortgage.
In most cases, the lifetime cap is specified as an increase in percentage from the starting interest rate. Whatever the margin, it is the highest rate that may be imposed. The initial interest rate in the cited instance was 5%; it can be modified by a maximum of 1% and 2%. Further, it can be charged at 9%, the highest interest rate. This adjustable-rate mortgage is represented as a lifetime cap.
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3. tri-coat paints has a current market value of $36 per share with earnings of $2.48. what is the present value of its growth opportunities (pvgo) if the required return is 7%?
The Present Value of its Growth Opportunities (PVGO) is $0.57.
Given in the Question:
Price per share = $36
Earnings = $2.48
Required rate of return = 7%
The formula for computation of the present value of growth opportunities (PVGO) is given below:
= Price per share - (Earnings ÷ required rate of return)
= $36 - ($2.48 ÷ 7%)
= $36 - $35.43
= $0.57
hence, the present value of its growth opportunities (PVGO) is $0.57.
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is (are) the endogenous variable(s) in the phillips curve. a. expected inflation b. inflation c. the natural rate of unemployment d. all of the above e. none of the above
A.W. Philips introduced the Philips curve idea. It claims that inflation and employment growth are linked to economic growth. In other words, as the economy grows, fewer people will be unemployed and more jobs will be created, but inflation will rise.The answer is All of the above.
Therefore, there is a trade-off between unemployment and inflation.Inflation is more than anticipated when the unemployment rate is lower than the natural rate of unemployment. A downward-sloping demand curve indicates that unemployment and inflation have an inverse relationship.Actual inflation will be lower than anticipated when unemployment is higher or higher than the natural rate.As labour demand increases, employers raise wages to remain competitive and attract talent from a smaller talent pool. As a result, the number of unemployed workers decreases and unemployment rates decrease.The cost of corporate salaries Is increasing, and companies pass these costs on to consumers by rising prices.The belief system led to the adoption of the “stop-go” method, in which the economy was expanded or constricted through monetary and fiscal policies in order to achieve the target rate of inflation.
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if revenues are credited, which of the following situations occurred? a.) the company takes out a $5,000 loan from the bank. b.) the company runs a promotion for $25 off your first rental. c.) the company earns $1,000 in interest on its investments. d.) the company has to pay $500 for repairs to its car lift.
If revenues are credited, which of the following situations occurred the company earns $1,000 in interest on its investments.
What are revenues?
Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. The term "commercial revenue" can also refer to sales or turnover. The term "revenue" can refer to income in general or the amount earned during a specific period of time, as in "Last year, Company X had revenue of $42 million." Some businesses receive revenue via interest, royalties, or other fees. The general definition of profits or net income is total revenue less total expenses for a specific time period.
Sales revenue is the income obtained from selling goods or services over a period of time. In general usage, revenue is the entire amount of income obtained by the sale of goods or services related to the company's operations.
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